Binance probes suspected multi-billion dollar hack
· Fact-checked before it aired. Unconfirmed claims from this segment are not shown.
On Oct. 29, on-chain analysts flagged billions in suspicious outflows from Binance hot wallets. Estimates range from about $2.77 billion to $5.8 billion, with Tether and Circle freezing roughly $1.57 billion USDT and $823 million USDC. Binance says it is investigating and has not officially confirmed a hack.
The same suspected Binance hack was reported with preliminary outflow estimates from about $2.77 billion to $5.8 billion. The specific Bitcoin and Ether figures are not independently confirmed, and Binance had not officially confirmed a hack. This is CZ's opinion/pledge. He said on X that the incident “does look like a hack” and that he expects user funds to be fully covered. Binance's official account also said user funds are completely safe. This is commentary about AI and cybersecurity, not a checkable factual claim.
On-chain data showed Aave froze its lending markets after the suspected Binance exploit to prevent the hacker from borrowing. Aave itself had not issued an official statement at the time.
Fact-check
VERIFIED MISLEADING
On Oct. 29, on-chain analysts flagged billions in suspicious outflows from Binance hot wallets. Estimates range from about $2.77 billion to $5.8 billion, with Tether and Circle freezing roughly $1.57 billion USDT and $823 million USDC. Binance says it is investigating and has not officially confirmed a hack.
BREAKING: World's largest crypto exchange Binance hacked with over $5.6 billion stolen: • $1.45 billion $BTC • $875 million $ETH • $234 million $TRX • $50 million $XAUT • $1.57 billion $USDT • $823 million $USDC • $75 million $WBETH • $88.5 million $RLUSD + $447.5 https://t.co/2G
The same suspected Binance hack was reported with preliminary outflow estimates from about $2.77 billion to $5.8 billion. The specific Bitcoin and Ether figures are not independently confirmed, and Binance had not officially confirmed a hack. This is CZ's opinion/pledge. He said on X that the incident “does look like a hack” and that he expects user funds to be fully covered. Binance's official account also said user funds are completely safe. This is commentary about AI and cybersecurity, not a checkable factual claim.
BREAKING: Binance has been hacked with wallets across the Ethereum, Bitcoin, and TRON networks seeing outflows of -$5.7 billion. The hack includes $1.45 billion worth of Bitcoin and $875 million worth of ETH. If confirmed, this would mark the biggest hack in crypto history. We
On-chain data showed Aave froze its lending markets after the suspected Binance exploit to prevent the hacker from borrowing. Aave itself had not issued an official statement at the time.
JUST IN: $AAVE freezes lending markets on Avalanche to prevent Binance hacker from borrowing funds.